Students’ Loan Scheme Excites COBUSU

Students’ Loan Scheme Excites COBUSU.

THE Copperbelt University Students’ Union ( COBUSU) has lauded Government for allocating K314.9 million towards the students’ loan scheme in the 2017 national budget to cater for more needy students.

COBUSU president Alfred Lukwesa said in an interview in Kitwe that the operationalisation of the Higher Education Loan Schemes will greatly help reduce challenges that students in public universities face.

Mr Lukwesa said students are elated by Government’s move to ensure that the implementation of a loan scheme has come to fruition.

“ As a student’s body, we are happy with the move taken by Government to introduce the loan scheme and the funds allocated to the education sector,” Mr Lukwesa said.

He said the facility will give chance to deserving students who cannot afford tertiary education to access loans and be able to contribute to the country’s socio- economic development.

He said it is the desire of the students’ leadership to see the loan scheme standing the test of time so that more people could benefit from the facility.

Minister of Finance Felix Mutati said during presentation of the 2017 national budget last month that Government will work towards operationalising the Higher Education Loan Scheme in an effort to lessen the financial challenges besetting public universities.

Mr Mutati said Government will also introduce a skills development fund to address the issue of inadequate skills among craftsmen and artisans.

He said Government’s focus for 2017 will also be on the completion of various school infrastructure projects which are under construction at primary and secondary school levels.

On the recruitment of teachers, Mr Mutati said teacher recruitment and retention at all levels will continue to absorb graduates entering the labour market from various learning institutions

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